37 New Canterbury Road, Petersham NSW 2049

Preview | Contact Agent

1 parking

Freehold Investment with Development Upside | Zoning E1 Local Centre

An exceptional opportunity to secure a fully leased two-storey freehold commercial asset positioned within one of Sydney's most tightly held and highly sought-after retail precincts. Occupying a substantial 170.7sqm* land, corner parcel with 3 street frontages, valuable side & rear lane access, this versatile property presents outstanding investment fundamentals, future development potential (STCA), and premium exposure in the thriving heart of Petersham.

Strategically located within a bustling retail and dining precinct, the property benefits from excellent pedestrian traffic, strong transport connectivity, and a well-established residential and commercial catchment.

Commercial/residential mix: Retail shop: (Charlies Deli) Currently leased, long-standing tenant, plus 4-bedroom apartment upstairs. ideal acquisition for investors seeking a blue-chip commercial holding with strong future upside.

Key Features:

• Fully leased two-storey retail/commercial/residential freehold
• Land area: 170.7sqm* total building area approx. 300sqm
• Retail area; shop, approx. total retail approx..203.00 sqm*, 102.4sqm, + office 50.39sqm + 4 car secure parking approx. 50.49sqm, currently leased on a nominal short-term lease, potential future rental @ $1,500 per week.
• Upstairs Accommodation, 4 bedroom, 2 bathroom apartment currently leased at $900 per week
• Total potential annual rent $124,800.00
• Separate entrance to upper-level 4-bedroom residential accommodation
• Ground floor occupied by established tenant "Charlie's Deli" including retail shop, offices/storage, and rear parking
• Four (4) car parking with side & rear lane access
• Corner position (3 street frontages) with side and rear access to large garage/storage area
• Prime high-exposure location in the heart of Petersham
• Zoned E1 Local Centre, Height limit: 30 metres | FSR: 3:1
• Significant development and value-add potential (STCA)

Raine & Horne Five Dock | Drummoyne makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only for marketing purposes and may contain images incorporating virtual styling enhance

Property Details

• Type: Retail, Other, Land/Development
• Building Area: 300 m² (approx)
• Land Area: 170 m² (approx)
• Tenancy: Vacant
• Zone: E1 Local Centre